Looking to buy a house in New York? It doesn't matter which of the five boroughs you're looking to move into: Expect high prices and a super competitive market. New York City is a bastion of wealth, and living here comes at a premium.

So, when is the best time to see what the housing market has to offer? Keep reading to find out.

What Do Homes in NYC Cost?

Here's a loaded question. Prices can vary dramatically based on location, amenities, etc. But don't expect to find what other parts of the country would consider a "deal." The median sales price in Manhattan is around $1 million. In Queens, it's around $790,000. Brooklyn is a bit more affordable at $600,000. For more information about getting a New York real estate attorney, please visit this website.

Buying a home is a considerable investment anywhere. But with median income in NYC being roughly $57,000, it's an even more significant leap of faith. Therefore, hiring a New York real estate attorney is a must. They can help you navigate the complex market, draw up sales contracts, and go through the logistics of finalizing a sale. While you can try to go at it alone, having an attorney will ensure you do things right!

When to Buy in NYC

Ask real estate experts anywhere else in the country, and they'll tell you that prime buying time is in the summer. But for NYC, things are a bit different.

The most competitive time of the year for the housing market is spring. Spring is when new developments typically hit the market. As a result, there are more options for buyers. Meanwhile, winter is a relatively dead market with less activity and fewer listings.

If you want a reasonable deal, try looking in the fall. There's usually a surplus of available units leftover from the spring and summer. Sellers are looking to get rid of properties, making them more open to deals.

Finding Home

Buying a house in NYC isn't easy, but it can be a rewarding experience. Contact a New York real estate attorney for guidance and help.

Read a similar article about wills lawyer NYC here at this page.